Business Latest: Pentagon’s new budget: Who wins?

02/24/14 05:30 PM

LOSERS (AND SMALLER LOSERS) OF MILITARY CUTS: There will be no big winners in Pentagon chief Chuck Hagel’s proposal to shrink the U.S. military to pre-WWII levels, unless you count the American taxpayer. Almost everyone takes a haircut. For some, such as defense contractors who have been expecting the move for some time, it’s just a little off the top. For others, individual soldiers, Marines and civilian workers for the military, as well as some small towns in America that have depended on the military for decades, it’s a full-blown high and tight. Read more

WALL STREET TRUST ISSUES: Is Wall Street ready to repair trust with Main Street? Here’s what it needs to do. Read more

A TALE OF TWO CITIES: While the state is making history, two towns in Colorado are repeating history. While Greeley, Colo. is shunning legalized marijuana, its neighbor, Garden City, Colo. is celebrating it. Read more

US STOCKS END OFF SESSION HIGHS; S&P 500 JUST BELOW RECORD CLOSE: Read more